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Author Topic: Bitcoin bearish season starts  (Read 3954 times)

Offline Rehan Zakir

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Bitcoin bearish season starts
« on: April 22, 2021, 01:42:33 PM »
Buying BTC now is extremly risky.Because Bitcoin breaks all its resistance levels. Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
 

Soon we'll reach good point to buy at 20k btc this good price.
now is high price i wouldn't put 60k on btc.
 Please share your suggestions.
Is i am thinking right or not?

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Bitcoin bearish season starts
« on: April 22, 2021, 01:42:33 PM »

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Re: Bitcoin bearish season starts
« Reply #1 on: April 22, 2021, 02:02:15 PM »
@Rehan Zakir it is not about thinking one thing or another. I think your idea is not correct with the amounts you say. What makes you think that Bitcoin will drop to $20,000? From its current value ($54,934) to $20,000 there is a big difference, but the most important thing is the resistance that exists up to the amount you say. I don't know if we'll ever see Bitcoin at $20,000 again.
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Offline Rehan Zakir

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Re: Bitcoin bearish season starts
« Reply #2 on: April 22, 2021, 02:11:51 PM »
@Rehan Zakir it is not about thinking one thing or another. I think your idea is not correct with the amounts you say. What makes you think that Bitcoin will drop to $20,000? From its current value ($54,934) to $20,000 there is a big difference, but the most important thing is the resistance that exists up to the amount you say. I don't know if we'll ever see Bitcoin at $20,000 again.
Brother i noticed that from the previous history. In 2017 Bitcoin makes an ATH price of 20000$ and after that i comes back to 3000$. So, its just a prediction that Bitcoin will comes back to 20,000$. But it is very difficult for Bitcoin. But i thing is confirmed that a major correction is very near

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Re: Bitcoin bearish season starts
« Reply #3 on: April 22, 2021, 02:17:53 PM »
Cannot exactly say what will be the price of bitcoin after bearish market starts and crypto dumps. But i think that a vey big dump is very near to us and it is coming nearer day by day. So everyone ahould book their profit so that they do not lose everything.
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Re: Bitcoin bearish season starts
« Reply #4 on: April 22, 2021, 02:30:00 PM »
Brother i noticed that from the previous history. In 2017 Bitcoin makes an ATH price of 20000$ and after that i comes back to 3000$. So, its just a prediction that Bitcoin will comes back to 20,000$. But it is very difficult for Bitcoin. But i thing is confirmed that a major correction is very near

You are correct in what you say, but I think you are forgetting some important "details". In 2018, when what you say happened, the interests that exist today in Bitcoin did not exist. I mean, there weren't as many people interested in Bitcoin and cryptocurrencies in general as today, nor were there big companies (Tesla, MicroStrategy, and a few others) investing in Bitcoin. The market has completely changed and history does not have to repeat itself.
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Offline Rehan Zakir

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Re: Bitcoin bearish season starts
« Reply #5 on: April 22, 2021, 03:34:41 PM »
Brother i noticed that from the previous history. In 2017 Bitcoin makes an ATH price of 20000$ and after that i comes back to 3000$. So, its just a prediction that Bitcoin will comes back to 20,000$. But it is very difficult for Bitcoin. But i thing is confirmed that a major correction is very near

You are correct in what you say, but I think you are forgetting some important "details". In 2018, when what you say happened, the interests that exist today in Bitcoin did not exist. I mean, there weren't as many people interested in Bitcoin and cryptocurrencies in general as today, nor were there big companies (Tesla, MicroStrategy, and a few others) investing in Bitcoin. The market has completely changed and history does not have to repeat itself.
Your opinions are totally right. And I am totally agree with your opinions. After bull run starts, Bitcoin have not take a major correction. The market is going upward and upward. A major correction makes buyers more strong. And after a major correction Bitcoin again ready for a bull run. Bitcoin breaks the support level of 55000$ multiple times. And now this support level becomes its resistance level.

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Re: Bitcoin bearish season starts
« Reply #6 on: April 22, 2021, 03:53:41 PM »
I would say its a consolidation phase, not a bearish season. I think you are daydreaming about BTC value. BTC will not hit $20K this time. Its better to buy around $40K. If we analyse the charts its hard that the market will go below the $40K level. Rest is your choice its only my opinion about BTC.

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Re: Bitcoin bearish season starts
« Reply #6 on: April 22, 2021, 03:53:41 PM »


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Re: Bitcoin bearish season starts
« Reply #7 on: April 22, 2021, 04:34:32 PM »
It is high time, really. I think this is a good thing, in the end of it one will be able to buy cryptos at a lower price.

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Re: Bitcoin bearish season starts
« Reply #8 on: April 22, 2021, 05:09:17 PM »
Buying BTC now is extremly risky.Because Bitcoin breaks all its resistance levels. Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
 

Soon we'll reach good point to buy at 20k btc this good price.
now is high price i wouldn't put 60k on btc.
 Please share your suggestions.
Is i am thinking right or not?

I think It's Due, because in my analyzing I see bitcoin just have correction and will increase again . Current bitcoin price is 54K USD , I think It will increase and touch 60K USD again soon. I always believed in bitcoin.
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Re: Bitcoin bearish season starts
« Reply #9 on: April 22, 2021, 06:21:14 PM »
I don't think bitcoin will go bearish season because I'm sure if bitcoin hits $50k price many people will buy bitcoin again because it's cheap and it will recover back to $60k again. Bitcoin bearish may happen if bitcoin will go bullish again and after hitting the new ATH then the bearish will start.

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Re: Bitcoin bearish season starts
« Reply #10 on: April 22, 2021, 06:31:46 PM »
The decrease in capitalization in recent days may be due to blackouts that occurred in an area of ​​China where there is a high Bitcoin hash rate and the tweet from someone who thinks they are smarter than others. More factors can influence, but personally I think that the ones I have said are the most robust. At the moment Bitcoin remains just above $55,000.
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Re: Bitcoin bearish season starts
« Reply #11 on: April 22, 2021, 06:34:53 PM »
Or couple of months of Bull run still to come in previous Bull markets this was the case however this time could be different how only time will tell and might as well be the top due to the general economic situation of the world which is very likely  enter a recession
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Offline alltalk

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Re: Bitcoin bearish season starts
« Reply #12 on: April 22, 2021, 08:35:46 PM »
Buying BTC now is extremly risky.Because Bitcoin breaks all its resistance levels.
Buying Bitcoin will be always risky in every condition, whatever the rate, buying Bitcoin is risky. that is why this is only for the people who can take the risks, be responsible for the risks, and also manage the risks.
Actually, this kind of FUD (I think) is very common happening, thinking about Bitcoin will drop soon to $20k because of this small market correction. The way of resistance breaks seems not going to that dip at $20k. I am pretty sure if Bitcoin can still reach higher ATh again and this is still in the positive trends of the crypto world, bullish time.
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Re: Bitcoin bearish season starts
« Reply #13 on: April 22, 2021, 10:08:55 PM »
Soon the prices will drop to 20k then buy BTC.
How do you know the price to drop $20K? In my opinion, the price isn't likely to drop below $40K, it is a too extreme drop. We are still in the bullish trend, how can the price of Bitcoin drop very significantly. On the contrary, some experts believe that the price of Bitcoin will reach $100K.
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Re: Bitcoin bearish season starts
« Reply #14 on: April 22, 2021, 10:51:37 PM »
Good if the price could drop to $20k, I think a lot of people will be prepared to take bitcoin if the price drops to $20k... but my opinion might drop to $30k- $40k... judging by the enthusiasm of the people who want to buy bitcoin, the price might be stable...

 

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